Sunday, February 11, 2007

Springfield Five-Year Industry Employment Change

Employment for all industries has decreased by 8.7 percent since the 2nd Quarter figures of 2001. This change is greater than growth in Ohio, experiencing a loss of 2.8 percent from 2001 (2nd Quarter). The losses were greater than than the gain felt at the national level of 2.6 percent.

The Springfield Metro Area: Five-Year Percentage Decline in Employment

The Insurance carriers industry has lost the biggest percent of jobs, losing 90.7 percent of the jobs from 2001 to 2006. These have declined faster than the industry has experienced in the State of Ohio, where the industry felt a gain of 0.2 percent. The losses in the Insurance carriers industry in Springfield outpaced the United States industry losses overall. During this period, the United States lost 3.3 percent in terms of employment in the Insurance carriers industry.

Top 5 Industries
1. Insurance carriers (90.7 percent decline)
2. Other professional and technical services (76.5 percent decline)
3. Gasoline stations (69.6 percent decline)
4. Motor vehicle body and trailer manufacturing (66.5 percent decline)
5. Lawn and garden equipment and supplies stores (66.1 percent decline)

The Springfield Metro Area: Five-Year Percentage Growth in Employment

The Management of companies and enterprises industry has gone through the largest job growth by percent, increasing by 932.5 percent from 2001 to 2006. This industry in Springfield has increased employment faster than the industry has grown in the State of Ohio, where the industry felt a gain of 25.1 percent. The Management of companies and enterprises industry in Springfield outpaced the national average, which felt a gained 3.5 percent of the employment in this industry.

Top 5 Industries
1. Management of companies and enterprises (932.5 percent gain)
2. Insurance agencies, brokerages, and related (698.4 percent gain)
3. Individual and family services (200.2 percent gain)
4. Electronic markets and agents and brokers (154.0 percent gain)
5. Converted paper product manufacturing (122.0 percent gain)

Total Five-Year Employment Decline in the Springfield Metro Area

Given the industries in the area, the Gasoline stations industry faced the greatest employment loss with a total loss of 1,016 jobs during the period. The employment lost in the Gasoline stations industry make up 19.0 percent of the total job loss in Springfield, OH.

Top 5 Industries
1. Gasoline stations (1,016 jobs lost)
2. Employment services (525 jobs lost)
3. Other general merchandise stores (317 jobs lost)
4. Other professional and technical services (315 jobs lost)
5. Full-service restaurants (212 jobs lost)

Total Five-Year Employment Growth in the Springfield Metro Area

Of the industries (4-digit NAICS) in the area, the Insurance agencies, brokerages, and related industry has brought the most jobs with a total of 1,415 total jobs brought in during the period. The growth in the Insurance agencies, brokerages, and related industry makes up 27.5 percent of the growth in Springfield.

Top 5 Industries
1. Insurance agencies, brokerages, and related (1,415 new jobs)
2. Management of companies and enterprises (774 new jobs)
3. Limited-service eating places (407 new jobs)
4. Individual and family services (335 new jobs)
5. Nursing care facilities (332 new jobs)

In the Springfield, OH metro area, the total number of jobs throughout all industries has decreased by 4,203 jobs from mid-2001 to mid-2006.

Of the 109 industry sectors (4-digit NAICS) with employment figures reported by the BLS in each quarter, 60 described an expansion of jobs throughout the time period, while 46 industries reported employment loss in the period.

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